Procter & Gamble To Invest More Than $100 Million To Expand Greensboro, North Carolina, Facilities

Area Development News Desk

02/15/2013

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Procter and Gamble, the largest consumer packaged goods company in the world, will invest more than $100 million to expand its manufacturing facilities in Greensboro, North Carolina, creating an additional 200 jobs over the next 3 years.

Jim Phillips, chairman of the Greensboro Economic Development Alliance’s Operating Group said, “this is fantastic news for Greensboro, I know for a fact that the Greensboro City Council and Guilford County Board of Commissioners came together to send a strong message to the P&G leadership team; we want you to continue to invest and grow in Greensboro.”

Dan Lynch, President of the Greensboro Economic Development Alliance says, “helping to bring this expansion to Greensboro was a wonderful experience; working together with the company, our economic development team representing Greensboro Economic Development Alliance, the City of Greensboro, Guilford County and the NC DOC, assessed P&G’s requirements and quickly responded to site and building regulatory issues, workforce identification and training programs, and guided the company through the state and local incentive process.”

“This is another example of an existing business that has affirmed the fact that operating out of Greensboro is a valuable part of their company’s strategy for success. Greensboro is a great place for business,” he added. Salaries will vary by job function, but the average annual wage for these new jobs is projected to be $52,000, which is 24 percent higher than the Guilford county average of $42,000. Guilford County officials recently approved almost $2 million in tax incentives to assist and company in its expansion plans.